At the CEO Round Table on Economic Ties in The Hague, Prime Minister Narendra Modi said India has emerged as a cost-effective manufacturing and innovation hub following a series of "next-generation" reforms in areas such as taxation and labour codes. "To take this manufacturing initiative to the next level, we are also offering incentives in several key sectors. You can take advantage of these incentives to manufacture in India for the entire world. Similarly, in the services sector, India has become an engine of efficiency and innovation thanks to its talent,"